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Send me your Twitter account ID?
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Did we alienate the average Joe investor, by adding too much complexity with all of these forks?
I guess no. The complexity isn't limited to fork alone. Using Bitcoin on whole involves much complexity. Now average Joe invested in Bitcoin becuase he wanted to earn profits via forks. So he had to go through right channels if he really cares to make profits. Moreover, we can't simplify fork procedure, nobody forcing average Joe to actually claim forked coins. He can still make profits via BTC rally! By the way, my suggestion for average Joe is to use exchanges in order to receive forked coins rather than using private keys which have more complexity as well as higher chance of getting scammed. |
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I am trying to transfer my bitcoin purchase to my wallet. Where do I find the address to be able to send my bitcoins? Does it automatically populate when I click on receive?
It will be better if you post which wallet you using so we can give you personalized assistance. In general, Bitcoin address is 34 characters long alpha-numeric code either starting with 1 or 3. If your wallet showing two options, 'Send' and 'Receive' then yes, by clicking 'Receive' you will see 34 characters address, just send funds to that address from your exchange wallet. |
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It’s always the same thing. One party starts the hype (BCH; Bitcoin fork or recently eBTC; ERC20 airdrop token), and a whole bunch of copycats joins in. I do not expect these to be any meaningful.
Yes you are right. Concepts of forks and airdrop are already flawed and excessive use of them have made them completely non-serious. Interest and price, both are decreasing at every successive fork. Those who get their hands on these coins early enough to sell them at the initial ATH might be lucky, for the rest it’s just another nuisance (especially for exchanges and people moving their BTC on fork day) This is also not seem possible any more. In first few forks, namely BCH, BTG etc, exchanges were also enthusiast so they provided instant exchange of Coins after fork. But nowadays, exchanges are no more interested in listing all airdrop and forked coins. As a result only way to claim them is via Private Keys and using third party wallets to redeem forked coins via private keys is also risky. So on whole, concept of fork will die soon. |
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So I usually get offers from people who know that I have bitcoin to sell them small amounts of bitcoin like 20 USD - 50 USD.
I want to know how to make such trades without high fees, because I don't know how can it be made profitable to sell such low amounts with high fees.
Any idea?
Switch to wallets providing service of internal transfer for example, You can start with Coinbase. All you need to do is make internal transfer, i.e. email-to-email rather than address-to-address and other party having account on same wallet will receive funds instantly with zero fees. You can try this if your customers are flexible. You can also use a bank and never bother with Bitcoin in the first place  If you don't control your private keys, you don't own any bitcoin. Not everyone use Bitcoin to claim personal control. Most of the users buying it to get advantage of ever-rising price of Bitcoins which cannot be the case if the person uses Banks. Using safe web wallets can fulfil this criteria. |
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hello!
why are there so many coins to choose from, do they really each have something unique about them?
There are so many coins because every one is free to create one and moreover making coin, selling it through ICO can make you rich without doing anything. The time had gone when each coin used to have something unique and caters specific purpose. Nowadays, most of the coins don't even have their own unique blockchain. They are either build on Ethereum, or Waves or NEM blockchain. In recent times, we started using the word 'token' for such coins. So in short, all tokens are shitty. Only go for coins which really have something unique to offer. |
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Hey to all of you...
There is a another hard fork coming on it's way at 17 December, which will create a new coin, called "Super Bitcoin".
So I do believe Bitcoin won't reach 15000USD till the end of this year, it will float around 10-11000USD I think.
I do also believe it might drop a bit due people cashing out to buy presents etc. What are your opinions?
I have invested a huge amount 2 weeks ago and I am very pleased with my current profit. I'm a long term investor, not a trader.
That's not the only one!   We have series of forks (jokes) coming around this month. So be ready for some free money. However, I am not getting why you think fork will decrease the price of Bitcoin. According to me, it will give pump to BTC price as people will buy more Bitcoins to claim free money and build greater wealth. People already having Bitcoins will follow HODL mechanism so there isn't reason to believe why it will dip. It will surely continue its upward trend. |
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Considering the very high volatility of crypto, I'm not sure that this is a good decision.
In my opinion, the risk is very high, especially for the poorest people.
Tether is the cryptocurrency but its value doesn't fluctuate. Being cryptocurrency alone doesn't satisfy the criteria of being volatile. Petro Coin is oil-backed coin so it will not fluctuate huge like other completely non-pegged cryptos, for example Bitcoin or Ethereum. Rather it will show behavior like fiat currencies, for example USD or Pound. I think it is smart decision from Venezuelan government by giving free wings to country's economy via crypto but at same time limited fly with oil backing. |
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BTW I checked your twitter. and I see your reach is not like before anymore. you are joining in any shitcoin ICO bounties and making hundreds of spammy retweets everyday. which making your account effect less. you should have an standard.
I think you have been mistaken. At max 10 retweets are posted on Bitcoin Bullet a day. About effectiveness, we had over 750K impressions in the month of November with over 9K profile visits, so it is improving rather than distorting. PM sent to everyone above. If you have ICO don't miss the chance, our promoted ICO raised 60% more in last 4 days with our advertisement. Your ICO or Crypto-based Business can succeed too. |
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in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
Yeah, this has become a circular trend! People turning to Bitcoin because it's price is increasing, which in turn increasing demand, demand raise buy walls, buy walls raise price, which in turn again increase demand! So this is what actually happening right now! |
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So I usually get offers from people who know that I have bitcoin to sell them small amounts of bitcoin like 20 USD - 50 USD.
I want to know how to make such trades without high fees, because I don't know how can it be made profitable to sell such low amounts with high fees.
Any idea?
Switch to wallets providing service of internal transfer for example, You can start with Coinbase. All you need to do is make internal transfer, i.e. email-to-email rather than address-to-address and other party having account on same wallet will receive funds instantly with zero fees. You can try this if your customers are flexible. |
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Hi everyone,
I wish to gather some advice on how we should invest in ICO. There has been many, in fact too many in my opinion for the number of ICOs available now in the market, is there anyone who is willing to share some advice on your investment tips for ICOs?
I hope this thread can help those newbies who are in the same situation as me.
Thank you in advance!
There isn't any short-way or direct method to ascertain which ICO can give profits or which will be bad investment. I have seen many ICOs collecting 20-25M and still value of coin was lower than the ICO price whereas some of the 2-3M raisers had coin's value 5-10x the ICO price. So if you only looking from profit point of view, then you should choose coins yourself, it would be confusing to go with people's suggestion. While if you concerned with security, never invest in coins with zero info about team as well as those having fantasy idea that is to good to be true! |
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When bitcoin rises do people invest more on ICOs? or they just HODL and invest less?
It can have both positive as well as negative impacts on ICO investments. Many will consider Bitcoin rise as a source of additional funds and will try to dispose their profits somewhere, ICO is one of the best choice to gamble. Sportsbook and Bitcoin Gambling is older concept now. While some will simply tune to the concept of HODLING, when they can earn infinite profits in Bitcoin, why do they go elsewhere and gamble! Even I was interested in this question and that's why I created poll on Twitter, you can check people's views: https://twitter.com/Bitcoin_Bullet/status/937309509936021504 |
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I read somewhere that about 1% of the world population hold at least $100 in BTC.
That is completely false. There are only 6.3 million addresses holding more than 100 USD, and even if that was one per person (which clearly is not the case, as most wallets are the sum of several hundred addresses), that would be less than 0.1%. My personal estimate is less than 0.01%. Yeah! That's true, suppose if 1% of the world population holding at least $100, it sums up total holding worth to be at least $700B which is too high from real. But also 0.01% isn't convincing estimate since 0.01% only adds-up to 7M people and only Coinbase reports 10M+ customers so I think right count is somewhere between 0.1-0.4%. Now about price, With every 1% increase in adoption, we can assume 20x for first increase, 2x after second increase, 120% after third and so on.. So suppose today price is $11K, if 1% of additional world's population start using Bitcoins, price will go to $220K, $440K when additional 1% of the population start using it, $528K with another 1% and so on.., this is my personal estimates based on so far run of Bitcoin. |
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8 ) Ok! Bitcoin has no intrinsic value. But nor does fiat currency! It doesn't need intrinsic value.
I believe this is false. Fiat currency does have intrinsic value. This is because governments make it have value: they make it such that people have to pay taxes in it, and they distribute subsidies in it. The intrinsic value is lawfully enforced if you will. Many bitcoiners understandably do not like that kind of forced value, but it is value nonetheless. And yes, it only has intrinsic value if there is a stable government behind it, and if the general public is more or less OK with that government. This is one of the reasons why you see wild drops of fiat value in places where the government is falling apart.
In short: I do not know of any other asset that truly does not have intrinsic value and gets away with it.
This could be better understood with the concept of legal tender. In every country, only paper notes and coins are considered as Legal tender. Instruments like cheque, B/E, etc are considered non-legal tender but they still have value because people believe in the value written on those piece of papers. Similarly, Bitcoins have X value because there exist public ready to buy it at X price. Hence the basis of valuation of Bitcoin is Demand. When group of people believe Bitcoin has X value, why would we need some factor to support its X value! There are many metals which are more scarce than Gold but have much less value than Gold because shiny Gold make people believe it is more valuable. The biggest intrinsic economic model is Demand itself! |
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I'm beginning to fear that this Bitcoin run up is a bit too fast and a bit of a bubble. Does anyone else get the same feeling?
I will be really surprised if we close out the year above 10k....
Personally, I would not be surprised if bitcoin grows to $ 15k by the end of the year. Now there is no reason for a strong drop in bitcoin and the market is on a positive trend. Yes! There isn't any significant reason to believe that Bitcoin will fall huge now onwards. It isn't limited to crypto market anymore, it is now part of Future markets and people from every profession, every section buying it. So value of Bitcoin is backed by the demand and belief of People which is bigger than any intrinsic value. |
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from my points of view, it BTC could reach this ATH (100k or more) it makes no difference if you buy in at 500$, 1000$ or even 20k, correct? Why, because the people keep asking if now is too late to buy bitcoin?
Please remember that we have only ca. 17 Millionen BTC in summary, not more!
what do you guy think?
Yes, you are right. There are still less than 1% people really owning bitcoin worldwide. But the news and Buzz about bitcoin has been spread hugely among people that's why we seeing large number of people buying Bitcoin followed by constantly increasing prices. So forget late, it is still too early to buy Bitcoins. Even if someone buys it today, he can expect 10x in 2 years or less, no miracle. I think soon enough we will see shift from BTC to mBTC as standard unit of Bitcoin when it will be owned by 4-5% of world's population due to very high prices. |
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We only shifting the simple work to robots and create on other places new.
There will be still stuff to do which a robot will not able to do it. But not in 50 years.
Read the book Homo Sapiens. This guy write it just how it would be in 2050 and above.
Everything works with algorithms. Even a Police officer, lawyer or Doctor could be replaced by a machine.
But this shouldn't be confused with idleness of humans. If every operation will become automated, it doesn't mean humans will become unemployed or so because human life is ever evolving, if it find solution of one problem, it start evolving idea for some bigger problem. For example, 1000 years back humans were only concerned with farming and livestock because their life motto was to grow and eat but now less than 2% of world's population is involved in farming or agriculture because life motto has completely been changed now and become multi-dimensional. |
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What's so special in that? Search this Speculation section, you will find many predictions for $10K, some of them with exact timing too. It is not so special in case of Bitcoins and cryptocurrencies to make predictions because there isn't any parameter to do so. This market moves random and every prediction is more or less guess or inner wisdom!
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Since we have an exploding amount of ICO started from mid this year and most of these projects says they will have at least a prototype around end 2018 to 2019. Many of hear ICO projects will delay the release date, but nevertheless many of them should have something by the mid to end 2019.
What will happen to these ICOs that cannot deliver the promise? They will become zombie coin, as we have see the confido cases as I suspect there will be much more project fail down the track. And only a few hat will be among the top 25 coins with working project.
Do you guys think we the investors will be less interested in ICO in the following years as we gradually learn that we might not get our money back if we are stuck with these coins? And the number of the good coins will increases and people have more choices to diversify rather than just put the money in BTC and ETH?
No doubt, the number of ICOs launching has crossed limits and most of the new coins have such fantasy visions which can never be brought to ground even with hundreds of millions of investment. But it is wrong to predict that all altcoins will sail in single boat and fall in the deep chasm. I see every month at least 2-3 projects do launch showing great potential and utility, like VLB and IndaHash at the moment. So till 2019, I predict there will be over 3K coins on CoinMarketCap, mostly shitty but we will have at least 200 coins having much more worth than they have today! So start picking right coins from now, BTC and ETH are not only possibilities. There are still loads of coins which can give you 10-20x profits. |
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